We truly believe that everyone should have the right to shelter. Unfortunately there are many individuals across the country that do not have this luxury. If you are reading this then there is a good chance you woke up this…
In the event you were planning to purchase real estate with less than a 20% down payment it will get a little more costly as of Friday March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result…
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is April 12 2017.
In a large number of cities in South Western Ontario the real estate market is booming. Some may even call it (insert profanity) ridiculous! With booming markets comes multiple offers and it’s important to try not to get caught up…
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is March 1 2017.
Are you thinking about purchasing real estate? If you are, and planning to put less than 20% down, may we suggest doing it prior to March 17, 2017 . On March 17 CMHC plans to increase their mortgage insurance premiums….
“Increasing the complexity of a service raises the value of the service provider”. The last ninety days of 2016 have brought many changes to Canadian mortgage lending making the entire process much more complicated for all home owners, be they…
On October 3, 2016 the government of Canada announced that they were going to implement changes to the mortgage industry. These changes would go into effect on October 17, 2016. To say these changes were a surprise would be an…
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is January 18 2017.
If you are planning to purchase your first home in the new year you could be receiving an additional $2000 in rebates. As of January 1, 2017, the current land transfer tax rebate of $2000.00 will double to $4000.00. This…